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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
May 04, 2024
Apr. 29, 2023
Cash flows from operating activities:    
Net income $ 62 $ 155
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment, restructuring and other costs 19 2
Depreciation and amortization 216 218
Stock-based compensation expense 13 14
Gains on sale of real estate (1) (11)
Benefit plans 1 2
Amortization of financing costs and premium on acquired debt 3 3
Deferred income taxes (10) (32)
Changes in assets and liabilities:    
Decrease in receivables 35 45
Increase in merchandise inventories (273) (340)
(Increase) decrease in prepaid expenses and other current assets (49) 32
Increase in merchandise accounts payable 401 374
Decrease in accounts payable and accrued liabilities (289) (415)
Increase in current income taxes 34 82
Change in other assets and liabilities (33) (24)
Net cash provided by operating activities 129 105
Cash flows from investing activities:    
Purchase of property and equipment (154) (215)
Capitalized software (75) (81)
Disposition of property and equipment 4 25
Other, net 8 1
Net cash used by investing activities (217) (270)
Cash flows from financing activities:    
Debt repaid (1) (1)
Dividends paid (48) (45)
Decrease in outstanding checks (21) (13)
Acquisition of treasury stock 0 (35)
Net cash used by financing activities (70) (94)
Net decrease in cash, cash equivalents and restricted cash (158) (259)
Cash, cash equivalents and restricted cash beginning of period 1,037 865
Cash, cash equivalents and restricted cash end of period 879 606
Supplemental cash flow information:    
Interest paid 59 60
Interest received 12 11
Income taxes paid, net of refunds received 12 6
Restricted cash, end of period $ 3 $ 3